Sign in

Please complete all fields in the form to login.
Username and password fields are case sensitive

If you have forgotten your username or password please use
the forgotten your username/password link below.

Remember me, by ticking the box you
are confirming you are happy for your details to be remembered
and used the next time you use this computer to visit
eFinancialNews.com. By doing this, you'll be able to access
restricted content without logging in each time you
visit the site.

Hedge funds abandon currency hedging

Listed funds of hedge funds managed by Goldman Sachs, Dexion, Gottex, KGR Capital and Thames River have dumped or reduced their exposure to currency hedging.

Goldman’s Dynamic Opportunities, which has nearly £360m (€423m) under management, on Friday extended its overdraft facility by £30.4m and said it would abandon hedging currency risk. Dexion has extended overdrafts and stopped hedging at three of its listed funds.